Oil prices dropped significantly after reaching three-year highs, as President Trump suggested the Middle East conflict could end soon. This eased fears of prolonged supply disruptions, despite earlier surges driven by war concerns and production cuts. Market analysts anticipate continued volatility in oil prices.
Banks seek RBI clarity on forex hedge curbs, warn rules may hit genuine trade flows amid delays
Banks are urging the Reserve Bank of India for clarity on forward contract rules. Recent RBI directives aimed at curbing speculation could impact genuine trade